Commercial Real Estate Capital Markets are at a Crossroads
Real estate office investors practiced patience in 2022, after a hectic 2021 that saw sales volume spike as investors looked to diversify assets and take advantage of owners looking to reduce risk. However, office sales volume fell every quarter in 2022 as interest rates increased and market valuations in the office sector dropped. Meanwhile, industrial owners looked to capitalize on a red-hot market and pocket gains as demand pushed up lease rates. In many instances cap rates for industrial properties fell below current borrowing costs.
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